Press release
Global drug delivery technologies market will reach $26 billion by 2020
“The US drug delivery technologies market will continue to maintain its leading position in the global market during the forecast period due to a rapidly growing aging population, rising prevalence of chronic diseases and new product launches.”
GBI Research also states that Asia-Pacific (APAC) is expected to be the fastest-growing region over the forecast period, with the Indian market expanding at a CAGR of 7.3% from 2010 to 2020 and the Chinese market rising at a CAGR of 5.2% over the same period.
Allavarapu adds: “The fast growth in APAC markets is attributed to the growing population, the rising prevalence of chronic diseases in the region and the need to address a wide range of unmet medical needs.”
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